If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?
- November 22nd, 2016
- David Greene
- Comments Off on If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?
Unfortunately beneficiary designations cannot be amended after the death of the policy or account holder, even if it is clear he did not intend for the listed beneficiary to receive the benefits. The Supreme Court has heard several similar cases…
Learn about important tax considerations following a spouse’s death.
- June 23rd, 2016
- David Greene
- Comments Off on Learn about important tax considerations following a spouse’s death.
There are four important tax considerations one needs to consider following the death of a spouse. First, if you haven’t already filed your income tax return, you can still file a joint tax return for the year in which the…
Is a Personal Representative ever liable for the delinquent taxes of the deceased?
- February 17th, 2016
- David Greene
- Comments Off on Is a Personal Representative ever liable for the delinquent taxes of the deceased?
If the deceased owes delinquent taxes at death, the IRS must file a claim for taxes owed by that decedent just as any other creditor must. They can collect out of the estate, but not from the Personal Representative’s personal…